White Nile Limited
18 February 2005
White Nile Ltd ('White Nile' or 'the Company')
Acquisition of oil assets and request for suspension - update
On 16 February 2005 it was announced that White Nile Limited had concluded an
agreement with the Government of South Sudan, through its national oil company
Nile Petroleum Company Limited, to acquire a 60 per cent. interest in the
67,500 sq km Block Ba, which contains part of the Muglad basin in South Sudan.
The directors of White Nile requested a temporary suspension of trading on AIM
of the Company's shares pending the publication of full information in respect
of the transaction which it anticipated doing by the end of Friday 18 February.
The Company has not yet been able to prepare such information and a further
update will be provided next week.
This information is provided by RNS
The company news service from the London Stock Exchange